CPI’s Little Head Fake
BY DAVID HAGGITH It won’t give Powell the confidence he needs in order to believe this year’s rising inflation is transitory, but it was all crazed markets needed to get high. Photo by Armin Lotfi on Unsplash I started off this weekend’s Deeper Dive with the following summary of stock-and-bond-market lunacy: This week saw a tiny drop in CPI that …